Any Elliot Wave fans out there willing to offer opinions as to whether or not this is potentially a an incoming 5th wave up?
Hoping the bounce off the lower trend was our bottom here either way!
Check out the RSI right before the last surge and compare it to right now. Very closely matched. Volume seems to be the missing ingredient though.
Hoping the bounce off the lower trend was our bottom here either way!
Check out the RSI right before the last surge and compare it to right now. Very closely matched. Volume seems to be the missing ingredient though.
Possible factors:
-XRP going nuts and lots of potential volume being sucked up
-Heard lots of people mentioning using LTC as a means to transfer their bitcoin of some of these shady AF exchanges.
-Weak hands from all the new traders jumping into a market they don't understand thinking its a sure thing, only to find themselves panic selling.
Keeping this open. I am hoping for movement back into the main channel then a retest of ATH. Most likely a small pull back to get rid of some bagholders and profit taking, then up to $600 range.